Settled
Daegu secures 219,432 tonnes of carbon credits from landfill gas project
In short
Daegu City said it has secured 219,432 tonnes of new carbon credits through the Bangcheon-ri landfill gas resource recovery project, covering greenhouse gas reductions in 2023–2024. The city said the credits are worth about 6.6 billion won at recent domestic trading prices and equal the yearly CO2 emissions of roughly 91,000 cars. It plans to use them to cover credit shortfalls in running the landfill.
Why it matters
The credits give Daegu a financial buffer for operating the Bangcheon-ri landfill and add to a cumulative stock of more than 3.35 million tonnes of credits, according to the city. The case is presented by municipal officials as a resource-recycling model that cuts odour and emissions while producing energy for district heating, though the documents give no independent assessment of its impact.
Key facts
- Daegu City said it secured 219,432 tonnes of new carbon credits through the Bangcheon-ri landfill gas resource recovery project. [ 1 , 2 , 3 , 4 ]
- The credits cover greenhouse gas reduction performance for 2023–2024. [ 1 , 2 , 3 ]
- The city said the credits are worth about 6.6 billion won at recent domestic carbon credit trading prices. [ 1 , 2 , 3 , 4 ]
- The city said the volume equals the carbon dioxide emitted by about 91,000 cars in one year. [ 1 , 2 , 3 , 4 ]
- The city's cumulative secured credits total 3,352,347 tonnes, per city figures. [ 2 , 3 ]
- Approval is under way for about 110,000 tonnes of reduction performance from last year, the city said. [ 2 , 3 ]
- The project, run since 2006 under private investment, collects and refines landfill gas that is supplied to Korea District Heating Corp.'s Daegu branch for heating in the Seongseo area. [ 1 , 2 , 3 ]
- The city plans to use the credits to cover shortfalls arising in landfill operations, aiming to improve operating stability and ease its fiscal burden. [ 1 , 2 , 3 ]
Confirmed by several sources
- Daegu City secured 219,432 tonnes of carbon credits through the Bangcheon-ri landfill gas resource recovery project, for 2023–2024 reduction performance. [ 1 , 2 , 3 , 4 ]
- The city put the value at about 6.6 billion won and compared the volume to the annual CO2 emissions of about 91,000 cars. [ 1 , 2 , 3 , 4 ]
- Collected and refined landfill gas is supplied to Korea District Heating Corp.'s Daegu branch for heating in the Seongseo area. [ 1 , 2 , 3 ]
- The city plans to use the credits to cover credit shortfalls in landfill operations and reduce its fiscal burden. [ 1 , 2 , 3 ]
- Ji Hyeong-jae, head of the city's Climate, Energy and Environment Bureau, said the city will keep processing landfill gas stably and contribute to greenhouse gas reduction and carbon neutrality. [ 1 , 2 , 3 ]
Still unclear
- Exactly when the credits were approved and issued. Yonhap and Hankook Ilbo say the city secured them last month, while Kyunghyang Shinmun and Chosun Ilbo give no timing beyond the October 5 announcement.
- Whether the city will sell any of the credits or hold them only to offset landfill operating shortfalls. All documents say only that the credits will be used to cover shortfalls in landfill operations; no sale is mentioned.
- The outcome and timing of the approval process for about 110,000 tonnes of last year's reduction performance. Mentioned only by Kyunghyang Shinmun and Hankook Ilbo, and described as still under way.
- How much of the cumulative 3,352,347 tonnes of credits has already been used or retired. Only the cumulative total is given; no breakdown is provided.
What local media are saying
Official sourcesThe official wire copy carried the city's announcement in full: the 219,432 tonnes of credits, their value of about 6.6 billion won, their equivalence to the annual emissions of about 91,000 cars, the supply of refined gas to Korea District Heating Corp.'s Daegu branch for Seongseo-area heating, and the plan to use the credits against landfill operating shortfalls. It closed with a quote from the city's climate and environment bureau chief.
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Business mediaBusiness outlets repeated the city's figures and added detail: the years covered by the reduction performance, the project's 2006 start, its registration as the first UNFCCC clean development mechanism project by a Korean local government, its continuation under a domestic external reduction scheme after 2020, the cumulative total of 3,352,347 tonnes and the pending approval for about 110,000 tonnes from last year. Chosun Ilbo carried only a short summary with the tonne figure and the 6.6 billion won value.
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Timeline, local time
- Yonhap reports Daegu City secured 219,432 tonnes of new carbon credits, worth about 6.6 billion won. [ 1 ]
- Kyunghyang Shinmun reports the same figure and adds the cumulative total of 3,352,347 tonnes and the pending approval for about 110,000 tonnes from last year. [ 2 ]
- Hankook Ilbo reports the credits and details the project's history from 2006 and its UNFCCC clean development mechanism registration. [ 3 ]
- Chosun Ilbo publishes a short summary of the announcement. [ 4 ]